Response to Moody's announcement

Alliance Boots notes today's announcement by Moody's Investors Service Limited lowering the corporate family rating of the Group from B1 to B2 and its rating of Alliance Boots' £315m of public debt, which will mature by May 2009, from B2 to Caa1.

We also note Moody's intended withdrawal of the ratings.  Moody's action to withdraw the credit ratings results from the Group's decision not to seek a rating for its parent, Alliance Boots GmbH, a private company, upon which Moody's issuer rating is conditional.

As at the date of its most recently published financial information, 31 March 2008, the Group had £413m of cash and cash equivalents and £620 million of undrawn committed facilities.

No further statement will be made in relation to this announcement.

- Ends -

 

For further information, please contact:

Gavin Anderson & Company
Richard Constant
James Benjamin
Tel. +44 (0)207 554 1400

Press releases

  • Alliance Boots completes acquisition of Depolabo

    Alliance Boots, a leading international pharmacy-led health and beauty group, announces the completion of its acquisition of Depolabo, one of the largest providers of pharmaceutical pre-wholesale and contract logistics services in France.

    December 2008

  • Alliance Boots Holdings Limited 28 Nov 2008

    This announcement has been made for regulatory purposes. It does not constitute a statement regarding the Group's financial or trading position.

    November 2008

  • Success of Alphega Pharmacy European Convention

    Alphega Pharmacy, the network of independent pharmacists sponsored by the Pharmaceutical Wholesale Division of Alliance Boots, recently held its annual European Convention

    November 2008

  • Alliance Boots mid-year update

    Following the publication in June of the 2007/08 Annual Review for the year ended 31 March 2008, Alliance Boots today provides a mid-year update.

    October 2008
1 2 3 4 Next